bdr merger, page-2

This is not a merger.
A shell company is being used to list on the TSX.

This broken down company could not find anymore funding through current stakeholders.....large holders.
It is hoped that another capital raising may be possible through a TSX listed company
under a new banner......maybe

Plenty of money is required and Sprott being an aggressive lender wants plenty in return for lending funds.

Unless the POG rockets in the next year
Sprott will have a choice loan more or
Call in the loan. I guess that will depend on how interest to collateral shapes up.

They would find it easier to sell off after they take ownership when administrators hand it over.....I imagine this process will be quicker through the Canadian Bankruptcy Act.

Plenty of companies trading that can actual
make money from mining gold....Why invest in one that can't...proven year after year..

Cheers